Revenue from operations = 4,00,000 Avera

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10%. Calculate inventory turnover ratio-

Options:

5.65 Times

4.95 Times 3.6.55 Times

6.55 Times

5.15 Times

Correct Answer:

6.55 Times

Explanation:

Right Answer not mentioned in NTA Answer key